West Coast Paper Mills: Growth momentum getting stronger; Buy for an upside of 29%

Hem Securities | Dec. 22, 2017, 3:09 p.m.


The company is currently trading at 10.43x of TTM eps of Rs 28.71 while  it is trading at  10.20x  of FY18E eps of Rs  29.37 & 9.50x of FY19E EPS of  Rs 31.50.  On the back of  capacity expansion, co’s focus on deleveraging  its  balance  sheet  &  strong  demand  in  paper  sector  ,  co  will  stand  to benefit going forward. Along with it reasonable valuation at current level  makes it strong investment candidate.  Hence ,  we recommend “Buy” on  the  stock  with  price  target  of  Rs  390(appreciation  of  almost  30%)  for long term investment.


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